SAN FRANCISCO, Aug. 31, 2022 /PRNewswire/ — Prologis, Inc. (NYSE: PLD; “PLD” ) today announced that PLD’s operating partnership, Prologis, L.P. (“Prologis OP”), commenced offers to exchange outstanding notes (the “Duke Realty Notes”) of the nine series described in the table below issued by Duke Realty Limited Partnership (“Duke Realty OP”) for notes in nine corresponding series to be issued by Prologis OP (the “Prologis Notes”) in the aggregate principal amount of up to $3.375 billion. The Prologis Notes will be issued under and governed by the terms of the Prologis indenture dated June 8, 2011. Prologis OP is making the exchange offers and, on behalf of the combined companies, the solicitation of consents to amend the applicable Duke Realty OP indenture (such indentures, as amended and supplemented, the “Duke Realty Indentures”) governing the Duke Realty Notes (the “Proposed Amendments”) in anticipation of the pending merger of PLD and Duke Realty Corporation (“DRE”).
The exchange offers and the solicitation of consents are being made under the terms and subject to the conditions set forth in the prospectus contained in the registration statement on Form S-4 filed by Prologis OP with the Securities and Exchange Commission (the “SEC”) on August 31, 2022 and a related letter of transmittal and consent that contains a more complete description of the terms and conditions of the exchange offers and the solicitation of consents.
Prologis OP is offering to exchange Duke…
